Chambal breweries & Distilleries Limited has officially announced the resignation of its Company Secretary & Compliance Officer through regulatory filings submitted to BSE Limited. The development represents a significant change in the company's key managerial personnel structure.

Resignation Details

Mr. Nitish Neniwal has tendered his resignation from the position of Company Secretary & Compliance Officer, citing personal and professional reasons for his decision. The resignation follows proper corporate governance protocols with adequate notice period provided to ensure smooth transition.

Official Documentation

The company submitted comprehensive documentation to BSE Limited on March 23, 2026, including the formal intimation letter signed by Managing Director Meenal Shirang Patwardhan. The filing included Mr. Neniwal's original resignation letter dated February 20, 2026, along with detailed annexures as required under SEBI regulations.

In his resignation letter, Mr. Neniwal expressed gratitude to the Board of Directors and management for their support during his tenure. He committed to ensuring proper handover of responsibilities and assisting in a smooth transition during the notice period.

Regulatory Compliance

The company has fulfilled its disclosure obligations pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was made in accordance with Para A, Part A of Schedule III of the SEBI Listing Regulations, ensuring transparency with stakeholders and regulatory authorities.

Corporate Governance Impact

As a Key Managerial Personnel, the Company Secretary & Compliance Officer plays a crucial role in ensuring regulatory compliance and corporate governance standards. The position involves overseeing statutory compliance, board meeting coordination, and maintaining relationships with regulatory authorities and stock exchanges.

The company will need to appoint a new Company Secretary & Compliance Officer to fill this critical role and maintain its governance framework. The transition period will be managed to ensure continuity of operations and compliance with all regulatory requirements.

Chambal Breweries and Distilleries Limited has released its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, revealing continued operational challenges with widening losses across all reporting periods.

Financial Performance Overview

The company's financial performance showed deterioration across key metrics during the third quarter of fiscal year 2026. The results were approved by the Board of Directors at their meeting held on February 7, 2026, and published in newspapers on February 9, 2026, as per regulatory requirements.

Nine-Month Performance Analysis

The company's nine-month performance from April to December 2025 also reflected challenging operating conditions. Total income declined substantially while losses mounted significantly compared to the corresponding period in the previous year.

Capital Structure and Reserves

The company maintained a stable capital structure during the reporting period. Key balance sheet highlights include:

• Equity Share Capital: ₹748.88 lakh (face value ₹10 per share)
• Reserves: No significant reserves reported as shown in the audited balance sheet
• Total Comprehensive Income: Negative ₹4.49 lakh for Q3 FY26

Regulatory Compliance and Disclosure

Chambal Breweries fulfilled its regulatory obligations by filing detailed financial results with stock exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The complete format of quarterly financial results is available on the BSE website ( www.bseindia.com ) and the company's official website ( www.chambalkota.in ).

Year-over-Year Comparison

Comparing the current quarter's performance with the full financial year FY25 results reveals the extent of operational challenges:

• Revenue Decline: From ₹8.95 lakh in FY25 to ₹1.00 lakh in Q3 FY26
• Loss Expansion: Current quarter loss of ₹4.49 lakh represents a significant deterioration
• Operational Efficiency: The company continues to face headwinds in generating positive cash flows

The financial results indicate that Chambal Breweries is navigating through a challenging operational environment, with declining revenues and expanding losses requiring strategic intervention to restore profitability and sustainable growth.